Valeant gets upgraded...who'd have thought that ???....up 12% today !! http://www.marketwatch.com/story/tr...-handed-second-upgrade-of-the-week-2016-08-17
...Since ER ? VRX showing promise on short covering as well as potential for takeover now that key executives have been replaced.
Too risky either way. But get one of them reverse mortgages on Granny's place.... and short Tesla, KMX, and PigFlix.
The Soros Fund sold its entire holdings in IBB, GILD, and NVAX in the 2nd quarter of 2016, according to recent 13F filings with SEC.
"Why Valeant’s Enormous Debt Might Become an Even Bigger Problem" http://blogs.barrons.com/stockstowa...-valeants-enormous-debt-might-become-an-even- bigger-problem/ "Following the guidance reset and commentary on 2017, we are less certain Valeant has the ability to meet its obligations without refinancing, and we think following 3Q results, a refinancing would be much more expensive. We estimate first lien secured debt rates perhaps 200bps higher than a week earlier and that the unsecured market may currently be unavailable."
www DOT twitter DOT com/AlderLaneeggs/status/799652034215440386 Marc Cohodes highlights warning about possible covenant breaches on page 69 of 10-Q Paragraph begins with "The Company’s Senior Secured Credit Facilities contain specified quarterly financial maintenance covenants" 10-Q for quarter ended September 30, 2016 https://www.sec.gov/Archives/edgar/data/885590/000088559016000124/valeantq32016.htm .